RBL Bank to launch scheme for fintech entrepreneurs

RBL Bank is going to launch an Entrepreneur-in-Residence (EIR) programme for fintech start-ups in the next 9-12 months. Earlier in last month, the bank has also opened a dedicated branch for start-ups in BengaluruThe EIR programme is just one of the many drive of RBL Bank’s engagement with start-ups.

Earlier in this year, the Bank has also launched India StartUp Club, a fast-track programme to support early-stage start-ups with a bouquet of basic banking services to jump start their operations. Through these partnerships, the bank identifies and evaluates relevant start-ups incubated by the accelerators, especially those whose solutions are synergistic with its products and services. Besides providing banking services to these start-ups, the Bank also provides mezzanine funding through partners and accelerator funds, ranging from a few crores up to 25 crore.

So let’s discuss some questions related to this post :
1. Name the Bank which is all set launch a scheme for fintech entrepreneurs ?
2. Earlier in last month, the bank has opened a dedicated branch for start-ups in which city ?

Courtesy : Hindu Business Line


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